State ownership of Chinese firms and their outward foreign direct investment: Political and economic contingencies

2021 ◽  
Author(s):  
Ryan W. Tang ◽  
Chengli Shu ◽  
Kevin Z. Zhou
Keyword(s):  
Foreign Direct Investment ◽  
Direct Investment ◽  
State Ownership ◽  
Outward Foreign Direct Investment ◽  
Chinese Firms

CEO’s with global experience and outward foreign direct investment: a contextualized analysis of Chinese firms

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Sun Kai ◽  
Fung Hung-Gay ◽  
Zeng Yuping ◽  
Qiao Penghua
Keyword(s):  
Foreign Direct Investment ◽  
Direct Investment ◽  
State Ownership ◽  
Outward Foreign Direct Investment ◽  
Ceo Power ◽  
Chinese Firms ◽  
Foreign Study ◽  
Content Type ◽  
Study Experience ◽  
The Relationship

Purpose This paper aims to examine the effect of chief executive officers (CEOs’) global experience (GE) on the Chinese firms’ outward foreign direct investment (OFDI) and provides new insights on how CEOs’ foreign study and education experiences may affect firms’ OFDI. Further, this paper examines whether CEO power and state ownership have a positive moderating effect on the relationship between CEOs’ GE and firms’ OFDI. Design/methodology/approach This study used panel data of Chinese manufacturing companies in 2007-2016 to examine different hypotheses. The authors tested them using a zero-inflated negative binomial regression model to shed light on the effect of CEOs’ GE on the firms’ OFDI. Findings This study found that CEOs’ GE generally promotes Chinese firms’ OFDI. CEOs’ foreign study experience has a stronger effect than foreign education experience. Further, CEO power and state ownership have a positive moderating effect on the relationship between CEOs’ GE and firms’ OFDI. Research limitations/implications The findings have two important implications for managers and policy-makers. First, globally experienced CEOs are vital for firms to succeed in today’s highly competitive global environment. Second, CEO power is important in firms’ OFDI decision-making. Originality/value The authors use path dependency and upper echelons theories to show that GE, particularly foreign study experience, enables CEOs to take advantage of available resources in the market and institutional environment to create a path for the firm to expand globally.

Chinese Investment in the European Football Industry

2020 ◽  
pp. 1392-1413
Author(s):  
Sue Claire Berning ◽  
Daniel Maderer
Keyword(s):  
Foreign Direct Investment ◽  
Direct Investment ◽  
Foreign Direct Investments ◽  
Outward Foreign Direct Investment ◽  
Chinese Firms ◽  
Chinese Investment ◽  
Football Clubs ◽  
European Football ◽  
Cross Case Analysis ◽  
Football Industry

Outward foreign direct investment of Chinese firms in developed markets is a relatively new phenomenon. Since December, 2014 when the Chinese government announced a major investment program in sports, Chinese firms have particularly focused on foreign direct investments in the European football industry. We analyze the investment patterns, the determinants, and the motives of six investment cases of Chinese Outward Foreign Direct Investment (OFDI) undertaken in European football clubs. Based on Dunning's OLI paradigm and the determinants-framework from Holtbrügge and Kreppel, a within-case and cross-case analysis was conducted. We reveal that the main motives of Chinese investments differ between asset-seeking and market-seeking to a combination of both. The most important determinants of OFDI were the size of the host market and the level of know-how in it, while firm-specific resources and the strategic importance of the industry for the home government was a joint determinant for all Chinese companies.

Sign in / Sign up

Export Citation Format

Share Document